fs )atton cftuuorn &2uted Chartered Accountants and Registered Auditors REGISTERED COMPANY NUMBER: N1613214 (Northern Ireland) REGISTERED CHARITY NUMBER= 102556 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 FOR THE LAKES VINEYARD CHURCH Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fennanagh BT74 7BT CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered lo carry out audit work and regulated lor a rango of investment business activities in Ihe Uniied Kingdom by the Inslilule ol Chartered Accounlanls in Ireland
THE LAKES VINEYARD CHURCH CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2023 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7 to 12 Detailed Statement of Financial Activities 13 to 14
THE LAKES VINEYARD CHURCH REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2023 The trustees who are a150 directors of the charity for the purposes of the Companies Act 2006. present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019)- OBJECTIVES AND ACTIVITIES Objectives and aims The charity's objectives are for the public benefit and are restricted to the following-" (a) to advance the Christian Faith in accordance with the statement of beliefs (b) to further Christian education (c) to relieve sickness. financial hardship and poverty and to promote and preserve good health by provision of funds, goods or services of any kind, including through the provision of counselling trdining in life skills and support (d) to further or benefit the residents of Enniskillen and surrounding area without distinction of sex, sexual orientation, race or political, religions or other opinions by associating togeiher the said residents, and the local authorities, voluntary and other organisation5 in a common effect to provide facilities in the interest of social welfare for recreation leisure time occupation with objectives of improving conditions of life for the residents. These objectives are to be Carrted out in such part of Enniskillen. the United Kingdom or the world so the Trustees may from time to time think fit. Significant activities The main activities are as follows:_ Sunday morning services are held at Cross Street, Enniskillen. This year The Lakes Vineyard Church and Enniskillen Foodbank have had a more collaborative experience with other charities and agencies in ihe county than ever before. We have worked alongside more than 80 agencies this year and have signposted many clients to other groups who specialiase in other areas to ourselves. Along with the support of the general public we have supported over 6,000 people with food and baby products. As of December 2023, we were up on our distribution on the previous year. It is an honour and a privilige to serve our community and we look fonvard to continuing our work into the following year. Public benefit The Trustees seek to ensure that the Public benefit requirement is considered and The Lakes Vineyard Church facilitates the advancernent of the Christian Religion having due regard to the Charity Commission guidaThce on public benefit. FINANCIAL REVIEW Financial review The results for the year ended 31 March 2023 are set out on pages 4 and 5 of the financial statements. The Church is reliant on the voluntary gifts and donations from its donors. The total income for the year ended 31 March 2023 amounted to £76.038 (2022:£43,005). The total expenditure was £61.792 (2022:£55.751) The Trustees consider that the unrestricted fund of the charity is sufficient and adequate to fulfil their obligations. The charity held £37.515 in cash reserves at the year end (2022..£21,599). Reserves policy The income of the Church is considered adequate and the risks associated with any significant reduction in income is regarded as unlikely. The Trustees are satisfied with the cuent level of reserves at the present time. The Trustees are reviewing the Reserves Policy in the current year. Page I
THE LAKES VINEYARD CHURCH REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2023 FINANCIAL REVIEW Going concern The trustees are of the opinion thai the church has suificient resources at the date of approval of these financial statements, to meet conunitments which will arise in the following year from the date of Signing this report and subject to the continuing support from church members to nd on an on going basis the church's current activities and other financial commitments. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The company is also recognised as a charity by H M Revenue and Customs (46710 16762). The company was incorporated on 14 June 2012 and registered with the Charity Commission for Northern Ireland on 9 June 2015. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1613214 (Northern Ireland) Registered Charity number 102556 Registered office Rev J W Shades Beech Lodge 36 Enniskillen Road Ballinamallard Co. Fermanagh BT94 2BD Trustees Rev J W Shades RevA T E Quill Miss S Loane (appointed 1.4.22) Independent Examiner Mr5 S Stenson FCA Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fennanagh BT74 7BT Bankers Danske Bank 18 Ballymoney Road Ballymena Co. Antrim BT43 5BY Approved by order of the board of trustees on 22 March 2024 and signed on its behalf by: Rev J W Shades - Trustee Page 2
o)o<s Chartered Accountants and Registered Auditors INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LAKES VINEYARD CHURCH I report on the accounts of the company for the year ended 31 March 2023, which are set out on pages four to twelve. Respective responsibilities of charity trustees and ex2mioer As the charityls trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examtnation, it is my respotLsibility to: examine the accounts under Section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Comrnission for Northern Ireland under Section 65(9)(b) of the Charities Act state whether particular tnatters have come to my attention. Basis of the illdependent examiner's report I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations froTll you as charity trustees concerning any such matters. My role is to state whether any nterIal matters have COTne to my attention giving me cause lo believe: That accounting records were not kept in accordance with Section 386 of the Cotnpanies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of Sectton 396 of the Companies Act 2006 and with the methods and principles of the Charities StateTneDt of Recomtnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland That there is rther information needed for a proper understanding of the accounts to be reached. Illdepelldent examiner's st2tement I have cotnpleted tThy examination and have no concerns in respect of the matters (l) to (4) listed above and, in conThection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attentioTh. Mrs S Stenson FCA Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Femanagh BT74 7BT 22 March 2024 CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered to carry out audit work and regulated for a range of investmeni business a¢livilies In the United Kingdom by lh8 Inslilule ol Chartered Accounlanls in Ireland
THE LAKES VINEYARD CHURCH STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT for the Year Ended 31 MARCH 2023 31.3.23 Total funds 31.3.22 Total funds Unrestricted funds Restricted funds Note5 INCOME AND ENDOWMENTS FROM Donations and legacies 13,310 62,728 76.038 42.989 Investment income 16 Total 13,310 62,728 76,038 43.005 EXPENDITURE ON Charitable a¢tivities Charitable activities 10,643 51,149 61,792 55.751 NET INCOMEI(EXPENDITURE) 2,667 11,579 14,246 (12,746) RECONCILIATION OF FUNDS Total funds brought fonvard 401 31,145 31.546 44,292 TOTAL FUNDS CARRIED FORWARD 3,068 42,724 45,792 31,546 The notes fonn part of these financial statements Page 4
THE LAKES VINEYARD CHURCH BALANCE SHEET 31 MARCH 2023 31.3.23 Total fullds 3 1.3.22 Total nds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets 2,153 11,390 13.543 14,635 CURRENT ASSETS Debtors Cash at bank 1,560 21,599 1,341 36,174 37.515 lJ41 36,174 37,515 23,159 CREDITORS Amounts falling due within one year (426) (4,840) (5,266) (6,248) NET CURRENT ASSETS 915 31J34 32,249 16,911 TOTAL ASSETS LESS CURRENT LIABILITIES 3,068 42,724 45.792 31.546 NET ASSETS 3,068 42,724 45,792 31,546 FUNDS Unrestricted funds Restricted funds io 3,068 42.724 401 31.145 TOTAL FUNDS 45,792 31.546 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) The notes fonn part of these financial statements Page 5 continued...
THE LAKES VINEYARD CHURCH BALANCE SHEET- Continued 31 MARCH 2023 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 22 March 2024 and were signed on its behalf by= Rev J W Shades - Trustee The notes fomi part of these financial statements Page 6
THE LAKES VINEYARD CHURCH NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2023 ACCOUNTING POLICIES Basis of preparing the finaDcial ststements The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds. it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful Itfe. Improvements to property Fixtures and fittings l 00/0 on cost 20 % on reducing balance Fixed assets are stated at cost less depreciation. Taxatloll The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds Can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when ndS are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 7 continued...
THE LAKES VtNEYARD CHURCH NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2023 INVESTMENT INCOME 31.3.23 31.3.22 Deposlt account interest 16 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingl{crediting)- 31.3.23 31.3.22 Depreciation - owned assets Other operating leases 3,899 5,200 3,908 4,800 TRUSTEES, REMUNERATION AND BENEFITS Reverend J Shades received trustee's remuneration of £24,543 in the year for the role he undertakes in the Foodbank (2022:£22.142). Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. STAFF COSTS The average monthly number of employees during the year was as follows: 31.3.23 31.3.22 Employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted nds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 5,654 37.335 42,989 Investment income 15 16 Total 5.655 37,350 43,005 EXPENDITURE ON Charitable activities Charitable activities 10,924 44,827 55.751 NET INCOMEI(EXPENDITURE) (5.269) (7.477) (12,746) Page 8 continued...
THE LAKES VINEYARD CHURCH NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted funds funds Total funds RECONCILIATION OF FUNDS Total funds brought forward 5,670 38.622 44,292 TOTAL FUNDS CARRIED FORWARD 401 31.145 31.546 TANGIBLE FIXED ASSETS Improvements to propety Fixtures fittings Totals COST At l April 2022 Additions 10,508 21,985 2,807 32,493 2,807 At 31 March 2023 10,508 24,792 35JOO DEPRECIATION At l April 2022 Charge for year 7,304 1,051 10,554 2,848 17.858 3,899 At 31 March 2023 8,355 13,402 21,757 NET BOOK VALUE At 31 March 2023 2,153 11,390 13,543 At 31 March 2022 3,204 11,431 14.635 DEBTORS= AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Prepayments and accrued income 1,560 Page 9 continued...
THE LAKES VINEYARD CHURCH NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Social security and other taxes Accruals and defetred income 2,787 2,479 2,486 3.762 5,266 6,248 io. MOVEMENT IN FUNDS Net movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 401 2,667 3,068 Restricted funds Food Bank Fund 31,145 11,579 42.724 TOTAL FUNDS 31,546 14,246 45,792 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestri¢ted funds General fund 13JlO (10,643) 2,667 Restricted funds Food Bank Fund 62,728 (51,149) 11,579 TOTAL FUNDS 76,038 (61,792) 14,246 Comparatives for movement in funds Net movement in thnds At 31.3.22 At 1.4.21 Unrestricted fullds General fund 5,670 (5.269) 401 Restricted funds Food Bank Fund 38,622 (7,477) 31,145 TOTAL FUNDS 44,292 (12,746) 31.546 Page 10 continued...
THE LAKES VINEYARD CHURCH NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2023 io. MOVEMENT IN FUNDS - Continued Comparative net movement in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestri¢t¢d funds General fund 5,655 (10,924) (5.269) Restricted funds Food Bank Fund 37,350 (44,827) (7,477) TOTAL FUNDS 43,005 (55,751) (12,746) A current year 12 months and prior year 12 months combined position is as follows: Net moveTnent in funds At 31.3.23 At 1.4.21 Unrestricted funds General fvnd 5.670 (2,602) 3,068 Restricted funds Food Bank Fund 38,622 4,102 42.724 TOTAL FUNDS 44,292 1,500 45,792 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement n funds Unrestricted funds General fund 18,965 (21.567) (2.602) Restricted funds Food Bank Fund 100.078 (95,976) 4,102 TOTAL FUNDS 119,043 (117,543) 1.500 Pagell continued...
THE LAKES VINEYARD CHURCH NOTES TO THE FINANCIAL STATEMENTS- contillued for the Year Ended 31 MARCH 2023 ii. RELATED PARTY DISCLOSURES There were no related paty trdnsactions for the year ended 31 March 2023. Page 12
THE LAKES VINEYARD CHURCH DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 MARCH 2023 31.3.23 31.3.22 INCOME AND ENDOWMENTS Donations and legacies Donations and offerings Gift aid Grants Donations under Gift Aid 9,877 3,442 7.889 3,769 1.299 30,032 62,719 76,038 42,989 Investment lllcome Deposit account interest 16 Tot21 incoming resources 76,038 43.005 EXPENDITURE Charitable activities Remuneration Rent Rates and water rates Insurance Light and heat Telephone Postage and stationery AdvertlSTng General expenses and sundries Maintenance Gifts to visiting speakers and others Pastoral care Training Outreach Travel expenses Food bank Conference costs and leadership expenses Motor expenses Office running costs Canadian Mission Missionary trips Depreciation on improvements to property Depreciation on fixtures and fittings 24,543 5,200 463 527 2,232 3,428 22,142 4,800 518 822 1,436 2,062 776 174 1,787 1.244 362 1,217 1,348 379 400 607 70 li 71 203 4,189 5,903 583 8,847 67 5,317 484 3,275 2,422 1,051 2.848 1.051 2,857 60,929 54,787 Support costs Finan¢e Bank charges Carried forward 133 133 214 214 This page does not forni part of ihe statutory financial statements Page 13
THE LAKES VINEYARD CHURCH DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 MARCH 2023 31.3.23 31.3.22 Fillanee Brought forward Bank interest 133 io 214 143 214 Govern2nce costs Independent examination Professional fees 720 500 250 720 750 Total resources expended 61,792 55,751 Net incomel(expenditure) 14,246 (12.746) This page does not forni part of the statutory financial statements Page 14